Vice President of Finance

Regal Rexnord Corp
paid time off, tuition assistance, 401(k), retirement plan
United States, Wisconsin, Milwaukee
Nov 12, 2024
Scope of leadership role Reporting to the SVP/GM for the Motors & Drives division, the VP of Finance will be responsible for providing Finance leadership for the Motors & Drives division of Regal Rexnord, which is within the Power Efficiency Solutions (PES) segment. The Motors & Drives division is comprised of ~6000 global associates across 9 global manufacturing sites, producing more than $1.1B in revenue. The preferred location for the role will be Milwaukee/Chicago. The VP of Finance provides leadership and direction to the Motors & Solutions finance team, as well as serves as a key business partner to the Division SVP/GM as a member of the leadership staff. This position will oversee strategic planning, budgeting, forecasting, financial close, financial analysis, SOX compliance, and enhancing internal controls and procedures. Key Responsibilities Act as a key business partner to the VP/GM, and as member of the senior leadership team, provide business and financial insights to support decision making at strategic and operational level Recommend and lead new efforts to drive profitable organic growth, decrease trade working capital requirements, increase Return on Invested Capital and optimize Free Cash Flows. Full financial ownership to include the Commercial, Operational and Balance Sheet results; driving growth while managing risk Ensure sound monthly reporting aligned with internal RRX policies and external regulatory requirements including US GAAP, IFRS and SOX; provide business and financial analysis that identifies underlying trends and highlights potential opportunities and risks Direct monthly forecasting process with 9 operating plants as well as consolidation and corporate reporting; lead monthly close process and monthly financial operating reviews Ownership of annual budget process, working with plant controllers and division leadership to set direction and establish financial targets Oversee 3-Year Strategy Planning process including coordination with Commercial, Engineering, and Operations functions to coordinate presentation to ELT and long-term financials creation Participate in the financial analysis for contract negotiations, capital expenditures and product investment decisions. Drive continuous improvement and reduce cycle time in various reoccurring financial processes through the increased utilization of technology and tools, implementation of standard operating procedures and other efficiency measures, while embracing Regal Rexnord's 80/20 principles Partner with other functions and serve as lead financial support for division projects including 80/20 execution, pricing strategy, and footprint optimization Provide real-time coaching and development opportunities to finance team members Serve as an advocate for our top talent, building strong succession plans to enable increased velocity, be a champion of promoting diversity and inclusion in the organization and be an advocate of our global finance talent development process. PROFESSIONAL EXPERIENCE/QUALIFICATIONS Bachelor's degree in Accounting or Finance: advanced degree preferred Minimum of 15 years of relevant and progressive accounting/finance experience Previous experience in a manufacturing environment with multi-site responsibility required Excellent communication skills; ability to quickly establish a personal brand within the organization to drive cross functional collaboration and influence resources outside one's direct responsibility. Ability to connect and drive high level strategic objectives for the business while at the same time able to dive into transactional detail if needed to resolve questions or issues Ability to identify trends and themes for continuous improvement across the function and the business Ability to overcome obstacles and achieve objectives, and where needed change operational tactics along the way to achieve business goals Create a work environment with high standards of performance but where team members feel engaged and supported Commitment to coaching and mentoring staff to enhance the proficiency, competencies and long-term development of the team Motivated by and thrives in a fast-paced environment with frequent ad hoc requests and changing priorities. Proven ability to be hands on, roll up sleeves and demonstrate resourcefulness, initiative, results-orientation. Has a mindset of continuous improvement and can embrace Regal Rexnord's 80/20 principles. Strong working knowledge of ERP systems; Experience with Oracle ERP system, SAP, Hyperion and OneStream is a plus. Must have strong experience with Microsoft Excel, Powerpoint and Word. Benefits Medical, Dental, Vision and Prescription Drug Coverage Spending accounts (HSA, Health Care FSA and Dependent Care FSA) Paid Time Off and Holidays 401k Retirement Plan with Matching Employer Contributions Life and Accidental Death & Dismemberment (AD&D) Insurance Paid Leaves Tuition Assistance About Regal Rexnord Regal Rexnord is a $6.5B publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools. The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture. Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com. Equal Employment Opportunity Statement Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, age, ancestry, national origin, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you'd like to view a copy of the company's affirmative action plan or policy statement, please email Recruiting@RegalRexnord.com. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail Recruiting@RegalRexnord.com. Equal Employment Opportunity Posters Notification to Agencies: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.